PD-1.1.20

The Annual Report must include a declaration by the external auditor that no violations have taken place of:

(a) The Bahrain Commercial Companies Law of 2001 (as amended);
(b) The CBB Law; and
(c) The CBB's insurance Directives and Regulations (as contained in Volume 3 of the CBB Rulebook),

insofar as the violations have any material impact on the financial statements of the firm.

Amended: January 2007
Amended: October 2007